Abraham, Fruchter & Twersky, LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York (the “Court”) on behalf of a class (the “Class”) consisting of persons who purchased Etsy, Inc. (“Etsy”) (NASDAQ:ETSY) common stock between April 16, 2015 and May 10, 2015, inclusive (the “Class Period”). The case alleges that Etsy made materially false or misleading statements or omissions concerning the amount of potentially counterfeit goods or goods subject to claims for trademark infringement that are sold by Etsy through its online marketplaces. In reaction to disclosure of those facts, on May 11, 2015, the price of Etsy shares fell by $1.86 per share, or over 8% on heavy volume, to close at $20.85 per share.
If you are a member of the Class and would like to discuss this action or if you have any questions concerning this notice or your rights as a potential class member or lead plaintiff, you may contact Philip T. Taylor of Abraham, Fruchter & Twersky, LLP toll free at (800) 440-8986 or via e-mail at info@aftlaw.com. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed class.
Abraham, Fruchter & Twersky, LLP has extensive experience in securities class action cases, and the firm has been ranked among the leading class action law firms in terms of recoveries achieved by a survey of class action law firms conducted by Institutional Shareholder Services. Please visit us at http://www.aftlaw.com for more information.
Attorney Advertising. Prior Results Do Not Guarantee a Similar Outcome.
Contacts:
Philip T. Taylor, 800-440-8986
